Iwamoto Go Outreach Foundation

EIN: 920302057 Recreation & Sports

Seattle, WA

Total Revenue
$802,051
Total Expenses
$80,222
Total Assets
$2,896,324
Net Assets
$2,896,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WA
Principal Officer
William Chiles
Phone
2065451424
Tax Period
2024-01-01 to 2024-12-31

Iwamoto Go Outreach Foundation, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $802K in total revenue in fiscal year 2024. Revenue surged 2152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $722K, a strong 90% operating margin.

Mission

The purpose of the corporation is to promote social welfare within the meaning of Section 501(c)(4) of the Internal Revenue Code of 1986, as amended (the "Code"), or any successor provision, including, but not limited to, by fostering and developing the game and culture of Go in North America, and by supporting the purposes for which Seattle Go Center, a Washington nonprofit corporation, is organized, in order to achieve the goals Japanese go master Iwamoto Kaoru intended when he founded the Seattle Go Center.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $700,000
Program Service Revenue $0
Investment Income $102,051
Other Revenue $0
TOTAL REVENUE $802,051

Expense Breakdown

Grants Paid $7,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,596
Other Expenses $73,222
TOTAL EXPENSES $80,222

Year-over-Year Comparison

2024 2023 Change
Revenue $802,051 $35,610 +21.5%
Expenses $80,222 $29,050 +1.8%
Net Income $721,829 $6,560 +109.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yoko Takemiya Chairman 1
Officer Director
$0 $0 $0
Chris Kirschner Treasurer 1
Officer Director
$0 $0 $0
William Chiles Executive Director 10
Officer Director
$0 $0 $0
Leslie Crawford Director 1
Director
$0 $0 $0
Morito Obuchi Director 1
Director
$0 $0 $0
Shoichi Yoshizawa Director 1
Director
$0 $0 $0
Fumio -Frank- Kojima Director 1
Director
$0 $0 $0
Satoru Kobayashi Previous Chairman 1
Director
$0 $0 $0
Tom Urasoe Secretary 1
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $802,051 $80,222 $2,896,324 $721,829
2023 $2,019,004 $54,274 $1,995,387 $1,964,730
2023 $35,610 $29,050 $2,084,808 $6,560
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